Question

$91$ days treasury bill receipts is now shown in budget as a part of _______.

• A. capital receipts
• B. revenue receipts
• C. loan recoveries
• D. none of the above

Answer 1

The correct option is A capital receipts

Capital receipts are a non-recurring incoming cash flow into your business, which leads to creation of a liability and a decrease in company assets. 91 days treasury bill is a type of discount which is given on face value and redeemed at maturity at the full face value. Hence, 91 days treasury bill receipts is now shown in budget as a part of capital receipts.